US Senate to discuss bitcoin risks with top markets regulators, source says

The U.S. Senate will next month hold a hearing with the country’s top markets regulators to discuss the risks posed by cryptocurrencies such as bitcoin, a person with direct knowledge of the matter told Reuters.

The Senate Banking Committee will take testimony by Commodity Futures Trading Commission Chairman Christopher Giancarlo in addition to Securities in addition to Exchange Commission Chairman Jay Clayton in early February, the source said.

The hearing comes amid heightened concerns over a bubble within the bitcoin market after the currency soared to record highs of more than $19,000 in December, only to slump more than 28percent.